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RE: Cryptocurrency Discussion: Can bitcoin still thrive if governments introduce their own digital coins?

in #bitcoin7 years ago

Its a scary thought and the transition would be chaotic. Think about how bad the healthcare.gov website was even after they spent to 2 billion dollars on it. People would be buying up real estate and other assets with their cash. Their would also be a run on silver and gold coins to fuel the underground economy maybe even copper coins! The difficulty of getting into crypto exchanges would funnel all the wealth into govcoin but I don't think the American public would give up their cash without a fight.

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